Rights Of Renters In Foreclosure
Bank foreclosure houses are designed to be profit makers in many ways. VA loans can be used to purchase foreclosed properties as long as the VA guidelines are met. Go online and query “recent foreclosures your city or geographic area” and “real estate agents selling foreclosure properties your city or geographic area.” Phone them and offer your services.
The properties which are foreclosed are put on auction sale and in open market on sale for recovering the debt. The biggest caveat when buying a foreclosed home is that it is typically sold as is , which means the bank is not going to fix any problems. For information regarding the sale at auction, please contact the law firm that is assigned to the specific properties you are interested in.
Buying a foreclosure carries a unique risk not usually prevalent in other real estate transactions: unwanted tenants. The process is similar …